| Taxation of the Family |
Married couples are subject to a system of independent taxation under which husbands and wives are taxed separately. This can give rise to valuable tax planning opportunities. Furthermore, the tax position of any children is important.
Topics covered: income tax allowances, capital gains tax, inheritance tax, child tax credit. | |
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| Charitable Giving |
If you are thinking of making a gift to charity, this factsheet summarises how to make tax-effective gifts. You can get tax relief on gifts to UK charities if you give: under Gift Aid, through a Payroll Giving scheme, run by your employer, or by making a gift of shares or land.
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| Child Tax Credit |
| In April 2003 the Child Tax Credit and Working Tax Credit started. This factsheet explains whether you or your spouse/partner are entitled to the Child Tax Credit and the childcare element of the Working Tax Credit. | |
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| Enterprise Investment Scheme |
| The purpose of the Enterprise Investment Scheme (EIS) is to help certain types of small higher-risk unquoted trading companies to raise capital. It does so by providing income tax and CGT reliefs for investors in qualifying shares in these companies. | |
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| Venture Capital Trusts |
| Venture Capital Trusts (VCTs) are complementary to the Enterprise Investment Scheme (EIS), in that both are designed to encourage private individuals to invest in smaller high-risk unquoted trading companies affected by the equity gap. | |
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| Tax Aspects of Property Investment |
| Investment in property has been and continues to be a popular form of investment by many people. This factsheet summarises the main tax issues. | |
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| Individual Savings Accounts |
| Successive governments, concerned at the relatively low level of savings in the UK economy have over the years introduced various means by which individuals can save through a tax-free environment. Individual Savings Accounts (ISAs) were introduced in April 1999. | |
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| Buy to Let Properties |
| In recent years, the stock market has not proved to be a successful investment. Add to this the serious loss of public confidence in pension funds as a means of saving for the future and it is not surprising that investors have looked elsewhere. This has resulted in a massive expansion in the buy to let sector. | |
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| Buying Property In France Or Spain |
| Owning a property overseas is no longer a prerogative of the rich. Low prices on the continent are attracting many UK investors. Sometimes the purchase is simply to generate an income from letting but in many cases it is to provide a semi-permanent base in the other country. That may become permanent if people choose to retire there or decide that the opportunities for business or employment are better (and the climate is a considerable improvement on the UK). | |
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| An Introduction to Self Assessment |
| Self assessment was introduced for individuals for the 1996/97 tax year onwards. It represented a fundamental shift in the responsibilities of taxpayers in the submission of tax returns. Under the self assessment regime an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time. | |